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Administrative Sanction

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Administrative Fine imposed on the Responsible Person of Honmyue Enterprise Co., Ltd.


I.Date the fine was imposed: April 21, 2017
II.Recipient of the punishment: Mr. Yeh, Responsible Person of Honmyue Enterprise Co., Ltd.
III.Legal basis of the punishment: Article 36-1 of the Securities and Exchange Act, sub-paragraph 4, paragraph 1, Article 30 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies effective at the time of conduct
IV.    Facts of the violation and reason: The Board of Honmyue Enterprise Co., Ltd. (hereinafter referred to as the “Company”) resolved on February 3, 2016 to set up a new offshore company Home-e Holding Co., Ltd. with a registered capital of USD 30 million. Despite that the said capital amount had met the criteria of public disclosure (which is NTD 300 million), the Company failed to publish the investment amount, investment purpose, and to identify whether such investment is a transaction between related parties on the Market Observation Post System within two days from the occurrence of the event. It is deemed as a violation against sub-paragraph 4, paragraph 1, Article 30 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
V.The disciplinary action: A penalty of NTD 240 thousand is imposed on the representative of the Company’s conduct pursuant to sub-paragraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.

Contact: Section Chief Mr. Wencheng Lin, Corporate Finance Division,Security and Futures Bureau.
Contact number: (886) 2- 2774-7311
If you have any questions, please email us at:
http://fscmail.fsc.gov.tw/FSC-SPS/SPSB/SPSB01002.aspx
Visitor: 584   Update: 2017-05-05